Zimbabwe: More Bond Notes Fuel Uncertainty

Published: 12/08/2017
Zimbabwe: More Bond Notes Fuel Uncertainty
Source: ALLAFRICA.COM

[Zimbabwe Independent] Instead of bringing a sense of relief and stability, the announcement by Reserve Bank of Zimbabwe (RBZ) governor John Mangudya in his mid-term monetary policy statement last week that he will soon inject an additional US$300 million in bond notes has only helped to fuel uncertainty. This shows that unless there is a major policy shift, the economy will remain in the doldrums

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